Opinion Articles

Navigating the Current: Key Takeaways from CHICOS 2025

Last year’s CHICOS conference focused on the Caribbean region’s record-breaking RevPAR levels and appetite for new development. This year’s CHICOS theme, “Navigating the Current,” highlighted the potential for continued growth and development in the region as investments ebb and flow, including the resurgence of luxury mixed-use and all-inclusive hotel projects. Our host partners in Curaçao were instrumental in the event’s success, curating pre-conference tours that showcased development sites and exciting investment opportunities across the island. This year also brought a significant influx of new faces, adding tremendous value to the networking experience for all delegates.

Denver Hotel Market Outlook: Signs of Stabilization and Rate Recovery by 2026

After an early post-pandemic rebound, Denver’s hotel market lost momentum in late 2023. Occupancy growth stalled in October 2023 as the leisure surge faded and corporate travel recovery plateaued, followed by limited rate growth through much of 2024. Occupancy declined each month from September 2024 through August 2025, as corporate and transient demand softened and government transient and group demand declined more significantly this year.

Smart Tourism Policy for India's Digital-First Traveler

India’s travel market is no longer nascent; it is here. Boosted by rapidly rising incomes, a young population, and fast digital adoption, India is on track to become one of the most influential tourism markets of the next decade. The latest insights from Booking.com’s Global Travel Trends 2025 illustrate just how different India’s traveller profile is from global averages, and what this means for policymakers shaping the future of tourism at home and abroad.

San Francisco’s Hotel Investment Outlook Brightens

The San Francisco lodging market has been experiencing a major rebound in performance, with RevPAR up 8.9% as of year-to-date August. This improvement has been driven by a strong convention calendar, major employers implementing return-to-office mandates, and modest growth in tourism levels. San Francisco Travel Association anticipates Moscone Center will generate over 650,000 room nights in 2025, which equates to roughly 106.0% of 2023 levels but only 68.0% of peak 2019 performance. Salesforce, the city’s largest private employer, implemented a full return-to-office policy in January 2025. Gap, Inc. has been phasing in a return to office, increasing from two days a week in January to five days a week by the end of September 2025. The City of San Francisco has also implemented a four-day in-person mandate beginning August 2025.

Hotel Food and Beverage – A Bright Spot in 2025

U.S. hoteliers are struggling to increase revenues in 2025, as rooms revenue (the largest source of revenue for hotels) increased by just 0.8% during the first half of the year, according to CBRE’s August 2025 edition of Hotel Horizons®. Given the expected slowdown in U.S. lodging performance during the second half of 2025, CBRE’s forecast for the annual growth in RevPAR is just 0.1%.

Correctional Crisis Spurs Hotel Boom in Upstate New York

On February 17, 2025, thousands of corrections officers at more than 25 prisons across Upstate New York went on strike over staffing shortages, poor working conditions, and the implementation of the HALT Act, which limits the use of solitary confinement in New York State prisons and jails. In an address to the public, New York State Governor Kathy Hochul reported that these strikes were considered illegal, as the state’s Taylor Law prohibits public employees from striking. The strike lasted 22 days before the State and the New York State Correctional Officers & Police Benevolent Association (NYSCOPBA) reached an agreement that brought many of the striking employees back to work.